Navigation Capital Partners II, L.P. - Nov 15, 2021 Form 4 Insider Report for American Virtual Cloud Technologies, Inc. (AVCT)

Role
10%+ Owner
Signature
Navigation Capital Partners II, L.P. By: /s/ Lawrence E. Mock, Manager of NCP General Partner II LLC, its general partner
Stock symbol
AVCT
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4
Date filed
11/17/2021, 03:15 PM
Previous filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVCT Common Stock Other -312K -2.96% 10.2M Nov 15, 2021 Please see footnotes F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 15, 2021, Stratos Management Systems Holdings LLC ("Holdings") distributed (i) 8,445,894 shares of the Issuer's common stock, par value $0.001 per share ("Common Stock") to Navigation Capital Partners II, L.P., a Delaware limited partnership ("Navigation Capital") and (ii) 311,768 shares of Common Stock to certain of its other members. John S. Richardson ("Mr. Richardson") is a manager of NCP General Partner II, LLC, a Delaware limited liability company ("NCP GP"), which is the general partner of Navigation Capital (Mr. Richardson, NCP GP and Navigation Capital, the "Reporting Persons"), which controls Holdings. As a result, the Reporting Persons may be deemed to indirectly beneficially own the securities directly held by Holdings, and Mr. Richardson and NCP GP may be deemed to indirectly beneficially own the securities directly held by Navigation Capital. The Reporting Persons, with the exception of Navigation Capital, each disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F2 Includes 252,887 shares of Common Stock remitted to Holdings from a member since the Reporting Persons' Form 4 filed on November 1, 2021.